Forward Industries Extends SEC Registration Filing, Maintains Solana Strategy Amid Market Volatility

Forward Industries, Inc. (NASDAQ: FORD) announced it entered into a Waiver and Consent agreement with a majority of shareholders holding registerable securities on October 10, 2025, extending the deadline to file its resale registration statement with the SEC by 30 days. The company stated this extension allows for an orderly registration process during heightened volatility across digital asset markets. Chairman Kyle Samani emphasized that disciplined management remains crucial for navigating short-term market turbulence while maintaining commitment to the company's Solana-focused strategy.

Despite recent market fluctuations, Solana demonstrated significant technical performance on October 10, processing over 66 million transactions while maintaining sub-penny fees and uninterrupted uptime. This transaction volume far surpassed Ethereum's throughput capabilities, reinforcing Forward Industries' confidence in Solana's scalability. The company believes Solana's performance supports its vision to facilitate a $500 trillion global securities market through the evolution of Internet Capital Markets.

Forward Industries initiated its Solana treasury strategy in September 2025, dedicating resources to acquiring SOL and increasing SOL-per-share through bespoke strategies and active treasury management. The company's approach is supported by industry-leading investors and operating partners including Galaxy Digital, Jump Crypto, and Multicoin Capital. Additional information about the company is available in their newsroom at https://ccw.fm/FORD.

The full press release detailing these developments can be accessed at https://ccw.fm/0u2FZ. CryptoCurrencyWire, the specialized communications platform that distributed this announcement, provides comprehensive coverage of blockchain and cryptocurrency sector developments through its various distribution channels and corporate communications solutions.